Annual house price growth was broadly stable at -3.5% in June, little changed from the 3.4% decline recorded in May.
JPMorgan has warned of a major risk the Bank of England may have to raise interest rates as high as seven percent to deal with inflation, and trigger a "hard landing" to sort out Britain's economy.
Lettings chain Fine & Country says rents are likely to steadily rise through the summer.
A charity claims some landlords are using what it calls “excessive” rent rises to effectively evict tenants.
The UK’s private rental market saw a 5% surge in rents in the year to May – with growth now outpacing the previous 12-month period, the Office for National Statistics (ONS) reveals.
The Bank of England’s economic forecasting model has become “unworkable” during the inflation crisis, the Bank’s chief economist has admitted.
Letting agents say that the scrapping of Section 21 evictions, as part of the Renters (Reform) Bill, is a major concern to them.
The cost of a mortgage on a first home is typically around £42 per month cheaper than renting, but the difference has reduced and in some parts of the UK renting may be the less expensive option, analysis suggests.
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